The Optimum Quantity Of Money
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The Optimum Quantity Of Money
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Author : Milton Friedman
language : en
Publisher: Chicago : Aldine Publishing Company
Release Date : 1969
The Optimum Quantity Of Money written by Milton Friedman and has been published by Chicago : Aldine Publishing Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 1969 with Monetary policy categories.
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The Optimum Quantity Of Money
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Author : Nicholas Eberstadt
language : en
Publisher: Routledge
Release Date : 2017-10-23
The Optimum Quantity Of Money written by Nicholas Eberstadt and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-23 with Business & Economics categories.
This classic set of essays by Nobel Laureate and leading monetary theorist Milton Friedman presents a coherent view of the role of money, focusing on specific topics related to the empirical analysis of monetary phenomena and policy. The early chapters cover factors determining the real quantity of money held in a community and the welfare implications of policies that affect the quantity held. The following chapters formally restate why quantity analysis has become central to the science of economics. Friedman's presidential address to the American Economic Association, included here, provides a general summary of his views on the role of monetary policy, with an emphasis on its limitations and its possibilities. This theoretical framework is used in examining a number of empirical problems: the demand for money, the explanation of price changes in wartime periods, and the role of money in business cycles. These essays summarize some of the most important results of Friedman's extensive research over the course of his lifetime. The chapters on policy that follow survey the positions of earlier economists and deal with the importance of lags and the implications of destabilizing speculation in foreign markets. Taken as a whole, The Optimum Quantity of Money provides a comprehensive view of the body of monetary theory developed in leading centers of monetary analysis. This work is essential reading for economists and graduate students in the field. The volume will be no less important for practicing business and banking personnel as well. The new statement by Michael Bordo, a student of Friedman's and an expert in the field, provides a sense of where the field now stands in the economy and academy.
The Optimum Quantity Of Money
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Author : Milton Friedman
language : en
Publisher: Transaction Publishers
Release Date : 2005-01-01
The Optimum Quantity Of Money written by Milton Friedman and has been published by Transaction Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-01-01 with Business & Economics categories.
This classic set of essays by Nobel Laureate and leading monetary theorist Milton Friedman presents a coherent view of the role of money, focusing on specific topics related to the empirical analysis of monetary phenomena and policy. The early chapters cover factors determining the real quantity of money held in a community and the welfare implications of policies that affect the quantity held. The following chapters formally restate why quantity analysis has become central to the science of economics. Friedman's presidential address to the American Economic Association, included here, provides a general summary of his views on the role of monetary policy, with an emphasis on its limitations and its possibilities. This theoretical framework is used in examining a number of empirical problems: the demand for money, the explanation of price changes in wartime periods, and the role of money in business cycles. These essays summarize some of the most important results of Friedman's extensive research over the course of his lifetime. The chapters on policy that follow survey the positions of earlier economists and deal with the importance of lags and the implications of destabilizing speculation in foreign markets. Taken as a whole, The Optimum Quantity of Money provides a comprehensive view of the body of monetary theory developed in leading centers of monetary analysis. This work is essential reading for economists and graduate students in the field. The volume will be no less important for practicing business and banking personnel as well. The new statement by Michael Bordo, a student of Friedman's and an expert in the field, provides a sense of where the field now stands in the economy and academy. Milton Friedman is a senior fellow at the Hoover Institution of Stanford University. Before that, he was Distinguished Service Professor of Economics at the University of Chicago. He has also taught at Columbia University, the University of Wisconsin, the University of Minnesota, and Cambridge University. Among his many books are Essays in Positive Economics, A Program for Monetary Stability, Capitalism and Freedom, and A Monetary History of the United States. Michael D. Bordo is professor of economics at Rutgers, The State University of New Jersey, and author, with Lars Jonung, of, among other works, Demand for Money.
The Optimum Quantity Of Money And Other Essays
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Author : Milton Friedman
language : en
Publisher:
Release Date : 1964
The Optimum Quantity Of Money And Other Essays written by Milton Friedman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1964 with categories.
Optimum Quantity Of Money
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Author : Milton Friedman
language : en
Publisher:
Release Date : 1967
Optimum Quantity Of Money written by Milton Friedman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1967 with categories.
The Optimum Quantity Of Money
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Author : Casey B. Mulligan
language : en
Publisher:
Release Date : 1997
The Optimum Quantity Of Money written by Casey B. Mulligan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Monetary policy categories.
In this paper we propose a simple and general model for computing the Ramsey optimal inflation tax, which includes several models from the previous literature as special cases. We show that it cannot be claimed that the Friedman rule is always optimal (or always non-optimal) on theoretical grounds. The Friedman rule is optimal or not, depending on conditions related to the shape of various relevant functions. One contribution of this paper is to relate these conditions to measurable variables such as the interest rate or the consumption elasticity of money demand. We find that it tends to be optimal to tax money when there are economies of scale in the demand for money (the scale elasticity is smaller than one) and/or when money is required for the payment of consumption or wage taxes. We find that it tends to be optimal to tax money more heavily when the interest elasticity of money demand is small. We present empirical evidence on the parameters that determine the optimal inflation tax. Calibrating the model to a variety of empirical studies yields an optimal nominal interest rate of less than 1% per year, although that finding is sensitive to the calibration.
The Optimum Quantity Of Money
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Author : Milton Friedman
language : en
Publisher: Aldine De Gruyter
Release Date : 1969-01
The Optimum Quantity Of Money written by Milton Friedman and has been published by Aldine De Gruyter this book supported file pdf, txt, epub, kindle and other format this book has been release on 1969-01 with Business & Economics categories.
The Roles Of Money In An Economy And The Optimum Quantity Of Money
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Author : Morris Perlman
language : en
Publisher:
Release Date : 1970
The Roles Of Money In An Economy And The Optimum Quantity Of Money written by Morris Perlman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1970 with Money categories.
Monetary Economics
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Author : Steven Durlauf
language : en
Publisher: Springer
Release Date : 2016-04-30
Monetary Economics written by Steven Durlauf and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-30 with Performing Arts categories.
Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.
The Sub Optimally Of The Friedman Rule And The Optimum Quantity Of Money
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Author : Beatrix Paál
language : en
Publisher:
Release Date : 2001
The Sub Optimally Of The Friedman Rule And The Optimum Quantity Of Money written by Beatrix Paál and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Currency question categories.